Sensex up 50 points on funds buying | business | Hindustan Times
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Sensex up 50 points on funds buying

business Updated: Jun 06, 2007 10:58 IST
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The stock market continued its upward momentum on Wednesday with the Bombay Stock Exchange (BSE) benchmark Sensex rising by almost 50 points in early trade on increased buying by funds as well as retail investors.

The BSE-30 share index, Sensex, which had gained nearly 40 points on Tuesday, was up by 50.34 points or 0.35 per cent at 14,585.35, in the first five minutes of the trade.

Similarly, the wide-based National Stock Exchange's Nifty regained 4,300 points mark to quote 39.45 points higher at 4,324.10.

Stock brokers said pick-up in buying in heavy-weight stocks influenced the market sentiments. Reports of weakening trend in Chinese stock market were discounted by the market, they added.

Major gainers were BHEL, Tata Steel, Larsen and Toubro, State Bank of India, Bharti Airtel and Cipla.